50% of jewellery execs fear Brexit could stunt earnings power

The CMJ was praised for having funds in place to buffer supplier members after the unexpected closure of Leslie Cass this month. (Getty)

Half of UK jewellery executives fear that Britain’s impending exit from the European Union could negatively impact their earnings power. 

Jewellery businesses have had to grapple with currency fluctuations and rising gold prices since the EU vote back in June – and now it seems that economic doubts surrounding the decision have reached those at the coal face.

Asked what impact they expect Brexit to have on their salary prospects in 2017, 51% of respondents from the UK jewellery sector said they think it will decrease their chances of their basic salary increasing, according to initial findings from the Professional Jeweller Job Satisfaction Survey.

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In contrast, 14% said they think Brexit will increase their chances of their wages going up.

The remaining 35% said they had no feeling either way on the effect it could have on their future take-home pay

Full analysis of the PJ Job Satisfaction Survey will continue as the results come in and we are urging everybody to take part in order to create the best possible data.

The survey is completely anonymous and does not require any obligatory contact information to be filled in.

PLEASE CLICK HERE TO COMPLETE THE 2016 INDUSTRY JOB SATISFACTION SURVEY

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